What are the responsibilities and job description for the Credit Analyst, Global Corporate & Investment Banking - General Industries position at Bank of America?
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for analyzing and interpreting a corporate client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.
Responsibilities:
- Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
- Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
- Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
- Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
- Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
- Identifying and monitoring client and industry risk trends
- Developing enterprise valuations
- Discussing the merits of financing transactions from a credit risk and relationship perspective
- Reviewing legal documentation related to loans and derivatives
- Writing credit memorandums to summarize your analysis and conclusions
Required Qualifications:
- Understanding of basic finance and accounting concepts
- Proficient business writing and oral communication skills
- Effective time management skills with ability to balance multiple competing priorities
- Proficiency in Microsoft Excel
Desired Qualifications:
- Bachelor's Degree with emphasis in finance, accounting or economics
- 1 years of Experience in corporate credit underwriting and/or commercial banking
Skills:
- Analytical Thinking
- Financial Analysis
- Financial Forecasting and Modeling
- Profitability Analysis
- Research Analysis
- Attention to Detail
- Business Acumen
- Credit and Risk Assessment
- Underwriting
- Written Communications
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Prioritization
- Technical Documentation
Shift:
1st shift (United States of America)Hours Per Week:
40
